Policy makers, business leaders and academics gather to examine
retirement income trends, research and solutions

PALO ALTO, Calif., Jun 21, 2011 (BUSINESS WIRE) --

Financial Engines and the Pension Research Council (PRC) today announced
the agenda for the Financial Engines / PRC Retirement Income Summit
taking place on June 21, 2011 in Chicago. The summit will highlight the
latest retirement income research from behavioral experts and economists
as well as bring together thought leaders from academia, the plan
sponsor community, and leading legal and regulatory experts.

"The Retirement Income Summit provides a unique opportunity for public
policy officials, industry leaders, academics and plan sponsors to
engage in thoughtful discussion on issues related to helping retirees
turn their defined contribution plan savings into steady retirement
income," explained Christopher Jones, chief investment officer at
Financial Engines and moderator of the event. "We believe that all
parties have important roles to play in helping near-retirees and
retirees tackle the complex and important issue of translating asset
balances into retirement income."

Human Resource and Treasury executives from approximately two dozen
large employers representing a cross-section of industries are expected
to attend the invitation-only event. The following distinguished
speakers are scheduled to present at the Retirement Income Summit:

William G. Karnes Professor of Finance, University of Illinois at
Urbana-Champaign

Associate Director, National Bureau Economic Research Center for
Retirement Research

Christopher Jones,

Chief Investment Officer, Financial Engines

Jason Scott,

Managing Director, Financial Engines Retiree Research Center

Topics to be discussed during the Retirement Income Summit include:

The evolution of 401(k) plans from accumulation vehicles to sources of
retirement income

A regulator's perspective on retirement income in defined contribution
(DC) plans

The nature of participant choice in DC plans

The role and perspective of plan sponsors in delivering retirement
income solutions

How near-retirees make decisions around when to claim Social Security

What issues the next generation of retirement income solutions need to
address

"Americans are more worried about old-age security than ever before,"
said Olivia Mitchell, executive director of the Pension Research
Council. "As waves of Baby Boomers move into retirement, it is essential
to devise and provide tools that can help manage their decumulation
process. I applaud all those working so hard to respond to these needs."

About Financial Engines, Inc.(NASDAQ:FNGN)

Financial Engines is the largest independent investment advisor
committed to providing everyone the trusted retirement help they
deserve. The company helps investors with their total retirement picture
by offering personalized retirement plans for saving, investment, and
retirement income. To meet the needs of different investors, Financial
Engines offers both Online Advice and Professional Management.
Co-founded in 1996 by Nobel Prize-winning economist Bill Sharpe,
Financial Engines works with America's leading employers and retirement
plan providers to make retirement help available to millions of American
workers. For more information, please visit www.financialengines.com.

About the Pension Research Council

The Pension Research Council of The
Wharton School of the University
of Pennsylvania is committed to generating debate on key policy
issues affecting pensions and other employee benefits. We sponsor
interdisciplinary research on the entire range of private pension and
social security programs, as well as related benefit plans in the United
States and around the world. Olivia
S. Mitchell, International Foundation of Employee Benefit Plans
Professor, is the Executive Director of the Council.